Disney buys much of Rupert Murdoch’s 21st Century Fox in deal that will reshape Hollywood

LOS ANGELES — Walt Disney Co. has finalized a $52.4 billion deal to buy much of Rupert Murdoch’s entertainment empire, a blockbuster union that would radically transform Hollywood into a land of fewer giants. The stock deal, which Disney announced Thursday morning, represents Disney’s boldest acquisition yet. If regulators approve it, the Burbank behemoth would take…